Sodium Perchlorate Market Size, Share, Trends, Growth and Forecast 2030

The global sodium perchlorate market was estimated to be worth USD 2,210.85 million in 2022 and is expected to grow to USD 3,209.63 million by the end of 2030, according to a research released by Zion Market Research. Over the course of the projection period, the market is anticipated to rise at a CAGR of 4.77%. The growth factors, barriers, and effects on demand for the worldwide sodium perchlorate market are examined in this study over the duration of the forecast. Additionally, it will aid in navigating and investigating new prospects within the business of the sodium perchlorate market.

Global Sodium Perchlorate Market: Overview

An inorganic white crystalline solid that is hygroscopic and extremely soluble in water and alcohol is sodium perchlorate. It is made by anodic oxidation of sodium chloride with platinum and is frequently used as a monohydrate. It is extensively utilized in explosives to create other compounds and as jet fuel. It is also extensively used in the metallurgy industry to recover vanadium and uranium. Because it releases oxygen during breakdown, it also serves as a catalyst and bleaching agent.

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Global Sodium Perchlorate Market: Growth Factors

Due to the increasing rate of acceptance of sodium perchlorate worldwide, especially in the paper and pulp industry, the global market for sodium perchlorate is anticipated to increase exponentially in the years to come. Nonetheless, end consumers' demand is growing exponentially in the paper and pulp industry. The need for it is also being driven by the new trend of using environmentally friendly methods to produce pulp and paper. Furthermore, the synthesis of chlorine dioxide on-site makes extensive use of sodium perchlorate. Sodium perchlorate also became a vital bleaching ingredient, especially in the wood pulp bleaching method that does not use elemental chlorine.

Customers have been asking for wrapping paper, tissue paper, and craft paper of the highest caliber in recent years. During the forecast period, sodium perchlorate's affordability, ease of storage, and quick accessibility are providing profitable growth potential. The leather, tanning, and dye production industries' increasing need for sodium perchlorate will fuel the global sodium perchlorate market's expansion. Moreover, sodium perchlorate is a useful defoliant in the agricultural industry. Higher yield and increased cropping intensity are estimated to account for around 90% of crop production, according to the Food and Agriculture Organization. The Covid-19 pandemic hurt consumers' and companies' bottom lines in the world market for sodium perchlorate.

Nonetheless, in the upcoming years, the evolving consumer behavior along with innovations in supply chain and logistics should favorably influence the expansion of the worldwide sodium perchlorate market. Expanding R&D endeavors are also anticipated to introduce novel products to the market, hence broadening the clientele. Furthermore, major companies in the worldwide sodium perchlorate market use product launches, business acquisitions, and technical developments as critical tactics to fortify their positions internationally.

Global Sodium Perchlorate Market: Segmentation

There are four ways to segment the global market for sodium perchlorate: industry vertical, application, grid, and geography.

The market may be divided into sectors such as mining, paper & pulp, chemicals, agricultural, and others based on industrial verticals. Because of the increasing need for sodium perchlorate in the production of specialty chemicals, the chemical segment holds the greatest share of the worldwide sodium perchlorate market. Moreover, it is employed in the composition of superior environmentally conscious whitepapers. The market is expanding due in part to the growing trend of using sodium perchlorate in the construction, aerospace, medical, automotive, and metal surface treatment industries.

The market can be divided into categories based on application, such as herbicide, bleaching agent, oxidizing agent, and others.

The market can be divided into technical grade, AAS reagent grade, ACS reagent grade, and general categories based on grid.

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Global Sodium Perchlorate Market: Regional analysis

Because of the steady increase in sodium perchlorate demand from the chemical paper and pulp industries in developing nations like China and India, the Asia Pacific region holds the greatest share of the worldwide sodium perchlorate market. Furthermore, the recent advent of a number of chemical companies in the area is probably going to open up a lot of profitable expansion chances.

Given that the region is producing more paper and pulp, North America is likewise expected to grow quickly in the years to come.

Global Sodium Perchlorate Market: Competitive Players

Some of the significant players in the global sodium perchlorate market include:

Spectrum Chemical
Thermo Fisher
GFS Chemicals
Shree Chlorates
American Pacific
PerkinElmer
Oakton
EMD Chemical.

The Global Sodium Perchlorate Market is segmented as follows:

By Industry vertical

agriculture
mining
paper & pulp
chemical
and others

By Application

herbicide
oxidizing agent
bleaching agent
and others

By Grid

technical grade
AAS reagent grade
ACS reagent grade
general grade
and others

Global Sodium Perchlorate Market: Regional Segment Analysis

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa